Why is the least-squares regression method preferred to the highlow method when analyzing mixed costs?
Question:
Why is the least-squares regression method preferred to the high–low method when analyzing mixed costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
The leastsquares regression method compared to the highlow ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
Question Posted:
Students also viewed these Business questions
-
Waterwise Plumbing Supplies is a wholesaler for a large variety of plumbing supplies. The company's accountant, Bob Washer, has recently completed a cost study of the firm's Shipping Department in...
-
Refer to the data for Archer Company in Exercise 56. Required: 1. Using the least-squares regression method, estimate a cost formula for shipping expense. 2. If you also completed Exercise 56,...
-
Refer to the data for Zerbel Company in Exercise 5-7. Required: 1. Using the least-squares regression method, estimate the cost formula for shipping expense. 2. If you also completed Exercise 5-7,...
-
The US Womens Swimming Team won the 1500 m relay at the 2016 Olympic Games. Here are the completion times, in seconds, for all eight teams that competed in the finals: a. Calculate the sample...
-
Janell starts 10 m from a motion sensor and walks at 2 m/s toward the sensor. When she is 3 m from the sensor, she stantly turns around and walks at the same speed back to the starting point. a....
-
Record the transactions in Question 4.6 in the three primary accounts of Ncobos Fast Fix. Balance all three accounts. Data from Question 4.6. Record these transactions using the accounting equation....
-
Heritage, a general contractor, had filed a breach of contract action against an electrical subcontracting firm that had withdrawn its bid right before the contract was to be performed. A jury had...
-
Rowley Apparel, manufacturer of the famous Race-ARama swimwear line, needs help planning production for next year. Demand for swimwear follows a seasonal pattern, as shown here. Given the following...
-
4. (20 total points) Consider two firms, firm 1 and firm 2, producing identical products so that they are forced to charge identical prices. The sole strategic choice of the firms is the amount they...
-
Given a database of the results of an election, find the number of seats won by each party. There are some rules to going about this: There are many constituencies in a state and many candidates who...
-
What is least-squares regression?
-
What is the difference between the scattergraph method and the least-squares regression method?
-
Compare Figures 1-9 and 1-10. What similarities and differences do you see? Figure 1-9. Figure 1-10. Systems Implementation and Operation Systems Planning and Selection SDLC Systems Design Systems...
-
British historian of late 19th century, (Acton, 1887) said that "power tends to corrupt; absolute power corrupts absolutely," suggesting that a person's sense of morality lessens as his or her power...
-
If speculators expect a rising exchange to reverse itself we say that expectation is inelastic and speculation stabilizing. In the reverse case we have elastic exceptions and destabilizing...
-
Write four paragraphs describing effective persuasive communication in personal, professional, and academic contexts. No matter the context, you need to choose the most appropriate audience, method...
-
Discuss the differences between "I" and "me." Explain whether they are always different?
-
Explain: Agriculture's requirements from industry and government Elimination of urban bias Institutional reform land reform extension of infrastructure Appropriate technology Appropriate trade...
-
As noted in Prob. 1.3, drag is more accurately represented as depending on the square of velocity. A more fundamental representation of the drag force, which assumes turbulent conditions (i.e., a...
-
31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...
-
Perrot Industries has $265,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives follow: The working capital needed for project B will be released...
-
A plant manager hired a large number of replacement production workers at the start of March because he was able to hire them for much less than the usual wage rate. As a result, the direct labour...
-
The total static budget variance for KCC Ltd. for the month of December was $7,000 U. The total flexible budget variance was $3,000 U. The actual results for the month showed net operating income of...
-
York's outstanding stock consists of 90,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 270,000 shares of common stock with a $1 par value. During its first four years...
-
Prepare the adjusting journal entries that were recorded on December 31, 2024. The general ledger of the Karlin Company, a consulting company, at January 1, 2024, contained the following account...
-
Let V (f:fe C'(-1, 1]); f(1) = f(-1)} with inner product (1.9)-, 20f (t)g(t)dt and T()=2f+5f. Compute 7*(5+ 10t).
Study smarter with the SolutionInn App